The company is targeting £500m in disposals by the end of 2023 to strengthen its balance sheet and realign its portfolio
Hammerson, the UK-based owner of premium retail assets in Europe, has sold its 25% stake in Italie Deux, a shopping centre in central Paris, and the adjacent 100%-owned Italik extension for €164m.
The sale to Ingka Centres represents a 4% discount to the December 31 book value and a net equivalent yield of 5%, with the sale proceeds to be used to reduce net debt...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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